Amazon, Google Show Profit Growth Can Quiet Fears Over Heavy AI Spending
On ai, google touted how the boom has boosted its cloud business. But even more interestingly, ceo sundar pichai said ai is writing over 25% of new code at the. Amazon said it expects to spend $75 billion in capital expenditures in 2024 and jassy said the company plans to spend more than that in 2025. At google parent alphabet, pichai pointed to new ai features in search and cloud as key growth drivers helping push revenue up 15% to $88. 3 billion. Amazon. com is expected to join google and microsoft on thursday in reporting a surge in capital spending on artificial intelligence as big tech companies rush to capitalize on.